In three years Chinese are going to spend in Poland nearly 300 million euro. This year, Polish agency of Information Foreign Investment (PAIFI) will finalize projects of 80 million euro. Acquiring investments is difficult because of weak promotion of Polish market. The agency negotiates the contract that assumes the growth to 200-300 million euro with Chinese governmental authorities. It would be a great jump. Projects finalized by PAIFI were worth almost 30 million euro. Those from 2009 only 10 million.
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The sector plans a billion- dollar investment . Biggest air craft companies have already aquired old factories or build new ones. First place is occupied by US company -United Technologies Corporation (UTC).
Hundreds millions of zlotys were spent by new owners for modernization of local factories like PZL Swidnik – Italian-British helicopter corporation Agusta Westland. Similarly, Italian Avio, which owns rapid developing site in Bielsko-Biala. Engineering centre, currently under the development stage, is expanded near the Warsaw by General Electric. Others are Bavarian MTU in Rzeszow, French corporation Hispano Suiza (Sedziszow Mazowiecki) and Airbus Military.
Whole last week investors were interested only in EU summit. Counting on clear plans for Greece crisis, Monday was a day of aggressive buying. When in Thursday it turned out that half of debt of his country will be erased, and EFSF fund will be subsidized by 1 billion euro, the floors exploded with euphoria. Around the globe the indexes jumped.
This reaction is a paradox itself. In normal conditions a news that some bank would bring loses, - like those which own Greece bonds – would cause a deep fall on markets. Now it causes an euphoria. Developing countries are back in the game. The index of developing countries rose this week at level 9%. It is the best result for nearly may 2009 and one of the best in whole 20-year history of the index.
However biggest stock markets were in the spotlight. The capital flew to Brazilian, Chinese, Indian and Russian (BRIC) markets. Between these the WSE was present. WIG20 got 4.5%, but analysts cool down the buzz. It can be only a temporary , technical jump, and in next week we can expect wide sales.
One zloty, invested In Poland by foreign investors one year ago, gave 7.5% of ROI – the report of Polish National Bank says. As for crisis time it is quite good interest.
Taking into account the relation between direct investment profits to its whole value, Russia is record country. Each zloty invested in Russian gave 1.8 zlotys of profits, however in the scope of whole economy theses are rather small amounts – Russians have invested “only” 25 million euro in Poland. Despite the fact that total amount of profits that foreign investors take from polish branches recently rises, it cannot reach 2008 level – 13.8 billion euro. Its last-year profits reached nearly 11.3 billion euro. Those data would be far more worse if not the amount of profits transferred to Holland. It equals to 2.2 billion euro. A larger part came from Eureko’s shareholding in PZU.
On 22 July this year, the Council of Ministers published the objectives of the Minimum Wage Bill in its schedule of legislative and programme work. The Bill is to transpose Directive (EU) 2022/2041 of the European Parliament and of the Council of 19 October 2022 on adequate minimum wages in the European Union into Polish law.
The Bill:
- lays down the rules and procedure for setting and updating the minimum wage,
- appoints the Social Dialogue Council as a consultative body competent in matters related to setting and updating the minimum wage,
- regulates the reporting of the minimum wage,
- lays down the rules and procedure for setting and paying the minimum hourly rate.
Aid for energy-intensive sectors due to prices of natural gas and electricity in 2024. A new round of aid for energy-intensive sectors in connection with increased prices of natural gas and electricity will become available soon.
This will be the third scheme implementing the Act of 29 September 2022 on business aid schemes due to the energy market situation in 2022-2024.
Thu, Jul 25, 2024 10:00 AM - 11:15 AM CEST - Reden wir über Whistleblowing in Europa! Treffen Sie Experten aus Deutschland, Polen und Spanien beim Internationalen Experten-Rundtisch, einer Veranstaltung, die ganz dem Schutz von Hinweisgebern gewidmet ist. Erwerben Sie Expertenwissen über die Umsetzung von Whistleblowing-Praktiken in verschiedenen Ländern.
czytaj więcejThe Whistleblower Protection Act was published in the Journal of Laws on 24 June 2024. It introduces new requirements for, among other things, entities hiring at least 50 people. Smaller entities can also implement the solutions foreseen by this statute.
The obliged entities listed in the Whistleblower Protection Act have only three months to establish:
- effective, safe, confidential or anonymous channels for reporting breaches,
- procedure for reporting breaches (whistleblowing procedure),
- records of reports received.
International Expert Roundtable: e-Invoicing System (Poland, Germany, Romania, Turkey)
Event date 20 February 2024 online (the webinar will be in English)
Begin - end 10:00-11:15
A revolution in invoicing is coming. Is your company ready for it?
The e-invoicing system is a revolutionary tool for issuing and sharing structured invoices. Many countries are already using e-invoices in their daily work. How do you prepare to implement the system in your organisation? How does e-invoicing work in other countries?
Join us for a live-webinar where Rödl & Partner experts will describe the implementation of the e-Invoicing System in their countries: Poland, Germany, Romania and Turkey.